USEC Emerges from Bankruptcy Under New Name

Sep 30, 2014
Centrus Energy

The United States Enrichment Corporation emerged from Chapter Eleven Bankruptcy with a new name after completion of its restructuring plan today.

Steven Penrod, the manager of Paducah’s gaseous diffusion plant has been named Vice President of USEC’s American Centrifuge Project.  Penrod currently serves as USEC vice president of enrichment operations and has been responsible for USEC’s facilities in Paducah and Piketon, Ohio.

Federal, state and local officials are praising the U.S. Department of Energy’s awarding a three-year $420 million clean-up contract to Fluor Federal Services, for decommissioning and decontamination of the Paducah Gaseous Diffusion Plant.

Department of Energy

A report from the Government Accountability Office finds that the Department of Energy may have illegally transferred uranium to the troubled United States Enrichment Corporation, potentially costing taxpayers hundreds of millions of dollars.

USEC operates the DOE-owned Paducah Gaseous Diffusion Plant and is currently in shutdown phases and reorganizing through Chapter 11 bankruptcy

The Kentucky Fish and Wildlife Resources Commission has passed a resolution that aims to use a tract of land near the site of the Paducah Gaseous Diffusion Plant as part of an economic development plan in Paducah.

Federal contractors have received the go-ahead to continue cleanup projects at the Paducah Gaseous Diffusion Plant, thanks to a $324m appropriation from the Department of Energy.  Federal lawmakers approved the funding in an omnibus spending bill earlier this year. 

PACRP logo

The director of the Paducah Area Community Reuse Organization, or PACRO, says negotiations are going well between the U.S. Department of Energy and General Electric-Hitachi Global Laser Enrichment for use of the Paducah Gaseous Diffusion Plant site.

Charlie Martin said the two parties have had multiple meetings in Lexington, Ky. and Washington D.C. since beginning negotiations in November and thinks an agreement will be reached soon.


As negotiations continue between the U.S. Department of Energy and GE Hitachi's Global Laser Enrichment for use of the Paducah Gaseous Diffusion Plant site, the United States Enrichment Corporation is preparing for another round of layoffs beginning at the end of this month.

McCracken Fiscal Court

McCracken County Judge-Executive Van Newberry is running for a third term, and will do so as an independent.

Newberry was a Democrat and says he has considered the party switch since 2010. He says county level officials should be nonpartisan. Newberry's party switch, at present, allows him to avoid a primary race against Democrat Jeff Hines.

The company federally-contracted to clean up the site of the Paducah Gaseous Diffusion Plant notified 91 workers of layoffs Monday.

LATA Environmental Services of Kentucky notified 79 union workers from the United Steelworkers Local 550, as well as 12 salaried workers.